Lum Chang Creations eyes SGX Mainboard transfer; EGM set for May vote

It seeks a listing upgrade with bonus issue and mandate changes after $11m profit rise in the first half.

Lum Chang Creations has proposed a transfer from the SGX Catalist Board to the SGX-ST Mainboard, with an extraordinary general meeting to be convened for shareholder approval, according to a company statement.

The move comes after the group reported a net profit attributable to equity holders of $11.0m for the first half of 2026, up 104% year on year (YoY), providing context for its proposed listing upgrade.

The proposed transfer is aimed at enhancing the company’s corporate profile and broadening its investor base.

Shareholders will also vote on a bonus issue of up to 330 million new shares on a one-for-one basis, amendments to existing moratorium undertakings, and the adoption of a new share issue mandate to comply with Mainboard requirements.

Under the proposed moratorium changes, managing director Lim Thiam Hooi may be allowed to sell up to 7.7 million shares via a placement to help meet Mainboard public float rules.

The company said the proposed transfer remains subject to shareholder approval at the EGM scheduled for 25 May.

It added that the resolutions form part of its transition to Mainboard listing requirements, including minimum shareholding spread compliance.

Lum Chang Creations said the proposals are intended to support its longer-term capital market positioning and investor reach.

All resolutions remain subject to approval at the upcoming Extraordinary General Meeting (EGM), the company said.

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